Multiple Choice
Which of the following is not a characteristic of substitute products X and Y?
A) They have the same or similar product performance characteristics
B) They have the same or similar occasions for use
C) They are sold in the same geographic market
D) Customers are indifferent between X and Y
E) A price increase of X while keeping the Y's price constant leads to a drop in purchases of X and an increase in purchases of Y
Correct Answer:
Verified
Correct Answer:
Verified
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